Budget 2025 addresses current economic challenges, lays strong foundation for Viksit Bharat: FICCI

The Union Budget 2025-26 not lone addresses existent economical challenges but besides lays a beardown instauration for achieving the 'Viksit Bharat' vision, the Federation of Indian Chambers of Commerce and Industry (FICCI) said connected Saturday.

According to FICCI President Harsha Vardhan Agarwal, the Budget is simply a well-balanced attack that tackles contiguous concerns specified arsenic boosting depletion portion besides ensuring semipermanent economical growth.

“It brings successful indispensable reforms, fiscal stimulus, and enactment for cardinal sectors similar agriculture, MSMEs, youth, and women,” Agarwal stated.

According to the apex concern body, changes successful the idiosyncratic income taxation operation are expected to summation disposable income, which could pb to higher user spending.

The assemblage further added though the emergence successful superior expenditure is comparatively mean compared to erstwhile years, it remains a affirmative move.

While presenting the Union Budget successful parliament, Finance Minister Nirmala Sitharaman said that a federation is defined not lone by its onshore but by its people.

“Budget 2025 covers 10 cardinal areas, with a absorption connected the poor, youth, farmers, and women. Agriculture, MSMEs, investments, and exports service arsenic the driving forces for development,” FM Sitharaman added.

For MSMEs, the fund introduces caller measures, including a revised classification strategy and accrued recognition limits with warrant cover.
The fund has besides focused connected enhancing the cultivation sector. A peculiar programme volition beryllium implemented successful 100 districts with little productivity and constricted entree to credit.

A cardinal absorption of the fund is connected the maritime sector, with the constitution of a caller Maritime Development Fund aimed astatine strengthening the marine economy.
Similarly, to hole India's workforce for emerging technologies, the fund outlines assorted accomplishment improvement initiatives.

It includes expanding capableness astatine IITs, expanding aesculapian acquisition seats, mounting up 50,000 Atal Tinkering Labs, and establishing a caller Centre of Excellence for AI education.

FICCI said the fund volition uplift the mediate people and promote backstage assemblage investments arsenic request grows crossed assorted industries.